While I feel certain that most veterans receiving disability and/or retirement income are aware of the fact that they will receive an increase in 2017 Military retirees and individuals receiving veterans benefits will see only a 0.3 percent cost-of-living increase in their federal benefits next year and some are wondering how much their increase will be. If you receive $1,200 per month in federal benefits, your increase will be $3.60 per month. So while you will receive $3.60 under the above scenario, the individuals you elected will receive $19.20 using the above monthly compensation of $1,200.
